RE:RE:Canfor Vs InterforYes,thanks for the correction.
Westrock acquisition closed March 2021,GP closed july 2021 and finally the EACOM just closed in
Feb.
It has taken the production capacity from 3079 MBF to 4904 MFF in less than 1 year.
Amazing growth (59%).And the beauty of that not only did we not get diluted but share count
are going down.
In Canfor press release, management said that the Canfor Q1 results will be impacted by a few factors in BC.Like i said previously, i don't think this will have the same impact on IFP because of it's not has exposed to BC has Canfor.See below Canfor's comments
Looking ahead, strength in North American lumber market fundamentals is projected to continue through the first quarter of 2022, supported by lean existing home inventory, an aging housing stock and strong household balance sheets. Activity in the repair and remodeling sector, however, is anticipated to experience downward pressure in the near term as a result of seasonally slower consumption and reduced consumer spending, with an uptick estimated towards the end of the first quarter of 2022. Notwithstanding favourable lumber demand fundamentals overall, transportation congestion across Western Canada has significantly impacted rail service to and from the Company’s sawmills in recent weeks. Reduced lumber shipments, combined with rising inflationary cost pressures, are anticipated to somewhat impact results in the first quarter of 2022.